Act III. Towards a new balance: The shape of the new economic order
Scarcer and Scarcer: Competition for Commodities
Who are the winners and losers in a commodity-scarce world?
Is resource scarcity the new normal?
How can the world adapt?
John Burbank, Founder, Passport Capital
Tom Kaplan, Chairman, Electrum Group of Companies
Peter Munk, Founder and Chairman of the Board, Barrick Gold Corporation
Moderator: Matthew Bishop, US Business Editor and NY Bureau Chief, The Economist
Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics. Mr. Bishop is the author of several of The Economist's special report supplements, most recently "A Bigger World," which examines the opportunities and challenges accompanying the rise of emerging economies and firms. Before joining The Economist, Mr. Bishop was on the faculty of London Business School.
In 1987 John earned a BA in English Literature received from Duke University and five years later received his MBA from Stanford Graduate School of Business. From 1992-1996 he had various management positions in start-up companies, active as a private investor. From 1996-2000 he did various investment research positions with Bay Area hedge funds. In August 200, he Founded Passport Capital LLC.
Kaplan began his career as an advisor to hedge funds. In 1993, he founded Apex Silver Mines to capitalize on the improving supply/demand fundamentals of metals. While he was Chief Executive Officer and Chairman of Apex, Kaplan's team discovered and financed the San Cristobal deposit in Bolivia, now one of the largest producers of silver and zinc in the world. Kaplan retired from Apex Silver at the end of 2004 to focus on his new exploration projects.
Weekly magazine of news and opinion, founded in 1843 and published in London, generally regarded as one of the world's preeminent journals of its kind. It gives thorough and wide-ranging coverage of general news and particularly of international political developments that bear on the world's economy. In accord with the views promoted by its founders and conveyed by legendary Economist editor Walter Bagehot, the publication maintains the position that free markets typically provide the best method of running economies and governments. North America accounts for about half of its total readership.